Advanced Microsoft Excel

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1 Advanced Microsoft Excel Beau's Computer Store January February March 0 Computers Digital Cameras MP3 Players Cell Phones Presented by

2 Table of Contents PMT FUNCTION 1 SUBTOTALS 2 VLOOKUP 4 CONDITIONAL FORMATTING 5 HYPERLINKS 6 DATA VALIDATION 6 LINKING WORKSHEETS WITH FORMULAS 7 ABSOLUTE CELL VALUES 9 Sharper Training Solutions, Inc. offers free, unlimited support by to all participants in our computer workshops. If you have any questions or problems with your computer, or any suggestions or comments on the workshop or this manual, please info@stsico.com Award-Winning Newsletter You re invited to subscribe to Computer Kindergarten, a free newsletter published by Sharper Training Solutions, Inc. As a subscriber, you will receive s about computer topics, articles, websites and current events of interest. Addressed will be topics on Windows, Microsoft Word, Excel, PowerPoint, new hardware and software, the Internet and a wide variety of other computer subjects. Each newsletter has questions from subscribers, a featured topic, computer term of the day, websites of interest and more. To subscribe to the newsletter, send an to info@computerkindergarten.com or talk to your instructor. Important: You can unsubscribe from this newsletter at any time; each edition of the newsletter has instructions on how to unsubscribe. Your address is completely confidential and will never be sold or released under any circumstances. To download the practice file referenced in this book, please visit: 3 Practice.xls We would love to hear your opinion of this class. We strive for excellence in all of our classes and your feedback will help. Please your comments and suggestions to info@stsico.com and include the name, date and location of the class. For a list of upcoming classes at local libraries and community centers, please info@stsico.com or send a stamped, self-addressed envelope to: STSI - Class Schedule, 50 Lee Avenue, Babylon NY Sharper Training Solutions, Inc. All Rights Reserved. Under no circumstances can this manual be reproduced or used in part or whole without express written permission of Sharper Training Solutions, Inc.

PMT FUNCTION The PMT function can be used to calculate the amount of your monthly payment of a loan when the Interest Rate, Number of Payments, and Loan Amount are known.

3 PMT FUNCTION The PMT function can be used to calculate the amount of your monthly payment of a loan when the Interest Rate, Number of Payments, and Loan Amount are known. If you create a small table with all these values, as shown in the example in the LOAN PAYMENT sheet tab, then you can easily change the interest rate or loan amount to see how it changes the payment. The formula is as follows: =PMT(RATE,NPER,PV) RATE NPER PV The interest rate on your loan. When you build the formula you should enter the rate divided by 12 to get the monthly interest rate. The number of monthly payments in the loan. For example, if the loan is a 30 year mortgage, you would enter either 360 or 30*12 for the number of periods. The present value which is the total amount of the loan. Enter the loan amount as a negative in order to obtain a positive payment. In our example we entered the Interest Rate (RATE) in cell C3, the number of payments (NPER) in cell C4 and the amount of our loan (PV) in cell C5. Based on this, our formula to calculate a monthly payment was: =PMT(C3/12,C4,-C5) Notice we divided the Annual percentage rate by 12 in the formula in order to obtain a true monthly interest rate. We also used the negative of cell C5 for the loan amount. This allows our payment amount to display as a positive amount. We now can change any of the values for the Interest Rate, Number of Payments or Amount of Loan to see what the monthly payments for our loan would amount to. Use the LOAN PAYMENT worksheet to practice Sharper Training Solutions, Inc. All Rights Reserved. 1

SUBTOTALS We also looked at the Subtotal feature in Excel. We saw that the Subtotal feature was an easy way to obtain subtotals for certain categories in your data list.

In our example, we wanted to get a subtotal for each company in our list. Therefore, we need to sort by company before using the subtotal feature.

selects our spreadsheet). CLICK HERE TO SELECT THE WHOLE DATASHEET Once we have selected the data, we click on DATA tab in the menu bar and select SORT from the menu to launch the sort dialogue box.

4 SUBTOTALS We also looked at the Subtotal feature in Excel. We saw that the Subtotal feature was an easy way to obtain subtotals for certain categories in your data list. Use the SUBTOTAL TAB in this workbook to practice this. Remember, when using the subtotal feature, we first need to sort the list by the category we wish to obtain a subtotal for. In our example, we wanted to get a subtotal for each company in our list. Therefore, we need to sort by company before using the subtotal feature. We sort by highlighting or selecting all of our data (select the whole sheet by clicking the small square in the upper left of the spreadsheet, located above row 1 and to the left of column A - this selects our spreadsheet). CLICK HERE TO SELECT THE WHOLE DATASHEET Once we have selected the data, we click on DATA tab in the menu bar and select SORT from the menu to launch the sort dialogue box. Once our data list is sorted by COMPANY, we can now easily use the Subtotal feature to obtain subtotals for each individual company. In the sort dialogue box, make sure to place a check next to My data has headers in the upper right of the sort dialogue box. This puts the header row cell values into the sort by list boxes as well as keeps the header row from being sorted with the other values. Now in the "Sort by" box, select COMPANY from the drop down list, leave the default of Values in the Sort on drop down list and A to Z in the Order drop down list, then click OK. This will sort our spreadsheet by Company. To apply the Subtotal feature once our list is sorted, click DATA in the menu bar and select SUBTOTAL. The Subtotal dialogue window will appear. We need to select the options we wish to use for our Subtotal feature. Select COMPANY in the At each change in: drop down list. This is why we needed to sort the list first. Excel will now subtotal after each change in Company, i.e. Company 1001, Company 1002, etc in our example Sharper Training Solutions, Inc. All Rights Reserved. 2

Select SUM in the Use function: drop down list. The SUM function will add the totals of the columns we select. Place a check in TOTAL PURCHASE for our example.

individual records which comprise the subtotal. usually very useful. In addition, to the left of the row numbers, we see the numbers 1, 2. 3. These represent the detail levels of our subtotal feature.

5 Select SUM in the Use function: drop down list. The SUM function will add the totals of the columns we select. Place a check in TOTAL PURCHASE for our example. This will apply the SUM function to our TOTAL PURCHASE amounts for each Company. Click OK. We see that our data has now been subtotaled by each change in Company. individual records which comprise the subtotal. usually very useful. In addition, to the left of the row numbers, we see the numbers 1, These represent the detail levels of our subtotal feature. At level 3 (shown above), we see the Company subtotal and all of the If we click level 2, our spreadsheet will display only the Company name and subtotal lines, useful if you need a summary of just company totals. At level 1, we would only see the Grand Total of the list, not Sharper Training Solutions, Inc. All Rights Reserved. 3

6 VLOOKUP The VLOOKUP function is used to return a value based on another cell's value. The function will look up the value you specify in a table (array) of cells and return a value you specify in the same row of the table. Remember, in an earlier class we used the nested IF function, to test a value and return another value, however, we stated that the nested IF can only go seven levels deep, so we would use the VLOOKUP if we had several values levels to set. In our example, we looked up tax rates based on gross income from our salespeople. Use the VLOOKUP tab in our example file to practice. Our tax rate table was listed separately in cells I8 through K27. We calculated our salesperson bonus, using the IF statement, then added the bonus to the sales for their gross income. We then used the VLOOKUP to calculate the tax amount based on their gross income. The formula we used was =VLOOKUP(E8,I8:K27,3) where E8 was the gross income to look up in the first column of the table, I8:K27 was the table array (our tax rate table), and 3 was the column number in the table of the value we wished to return (in this case column 3 of the table contained our tax rate). So our VLOOKUP function will look at the gross income amount in E8, then go down the values of the first column of our tax table until it finds the corresponding value range, then it will return whatever percentage rate is on that same row in the third column (tax rate). Remember, the information in your table needs to be sorted in order in order for the function to return the proper value because it just goes down the first column looking for a value that is not greater than the value you selected. TAX VALUES USED FOR THE TABLE ARRAY TO RETURN THE TAX RATE BASED ON THE GROSS INCOME Note: Remember that the table array (I8:K27) must be the same in each formula, so when copying the formula down make sure that the table array is an absolute value in your first formula and then copy. See last section on using absolute values Sharper Training Solutions, Inc. All Rights Reserved. 4

To apply a conditional format, highlight the cells you want the conditional format to apply to. Click the HOME tab in the menu bar and select CONDITIONAL FORMATTING Icon.

7 CONDITIONAL FORMATTING Conditional Formatting is used to format cells based on their value. For example, in our Qtr 1 Tab, I applied a conditional format which will display any values less than $100 as Red. To apply a conditional format, highlight the cells you want the conditional format to apply to. Click the HOME tab in the menu bar and select CONDITIONAL FORMATTING Icon. This will open the Conditional Formatting dropdown menu. Select HIGHLIGHT CELLS Rules then select and click Less Than from the cascading menu, this will open the Less Than Conditional Formatting dialogue window. Enter the value you want to test for. In this example, we entered 100 in the respective field. Next, select the Formatting you wish to apply to these cells. I chose RED TEXT from the drop down list. This set my condition to where Excel will apply the selected format to all cells whose value is less than $100. Click OK. Any cell whose value is less than $100 is now displayed in red. TRY IT! Sharper Training Solutions, Inc. All Rights Reserved. 5

To insert a hyperlink to another work sheet, select the cell, click INSERT tab in the menu bar, select HYPERLINK icon. The Insert Hyperlink dialogue box will appear.

8 HYPERLINKS Hyperlinks create shortcuts or links to another cell, tab, file, etc. In our example, we linked the cells containing our QTR 1, 2, 3, and 4 Sales headings on the Regional Totals Tab to each of the respective individual QTR worksheets. To insert a hyperlink to another work sheet, select the cell, click INSERT tab in the menu bar, select HYPERLINK icon. The Insert Hyperlink dialogue box will appear. Choose Place in This Document on the Link to: navigation pane. The Or select a place in this document: field will display all the worksheet tabs in the current workbook. Click the corresponding tab name. In our example we clicked QTR 1. In the Text to display: field at the top of the dialogue box, enter what you want to display or appear in the selected cell with the hyperlink. You may also add a Screen Tip by clicking the ScreenTip button in the dialogue box. Type the message you want to display as a screen tip. The screen tip will display when the user hovers the mouse over the cell with the hyperlink. RESULT: When someone clicks on cell C3, our QTR 1 SALES heading, they will be taken to the QTR 1 worksheet to view all of Quarter 1 details. NOTE: The hyperlinked text to display will appear in the cell as a hyperlink (blue underlined text). You must format it if you want it to appear as normal text. DATA VALIDATION Data Validation is used when you want to be sure a user will only enter specific values in a cell. This is helpful when you have formulas that test for or count specific values. By using the Data Validation feature you can make certain that each user enters the value exactly the same so the resulting formula calculations will be accurate Sharper Training Solutions, Inc. All Rights Reserved. 6

By using a Data Validation list you can have the user select from a list of values in a drop down list. This insures that any formulas using that field value will be accurate.

9 For example, one user may enter QTR 1, another may type Quarter 1, and another may type Quarter One. If a formula was used to look for the values based on QTR 1, then the other entries would not be counted. By using a Data Validation list you can have the user select from a list of values in a drop down list. This insures that any formulas using that field value will be accurate. Another use is to limit or confine the entry to a specific list. Let s say I want the Location column of a worksheet to be limited to Nassau, Suffolk, Queens, Brooklyn, Bronx, Manhattan, or Staten Island only. I would create a data validation list for the cells in that column. Use the DATA VAL worksheet in our file. To create a data validation list, select the cell or cells you want the validation to apply to, click DATA tab in the menu bar and select Data Validation arrow, and Data Validation option from the list. The Data Validation dialogue box appears. 1 from the list which you defined. 2 On the Setting tab, enter the validation criteria. For our example, we want to choose LIST from the Allow: drop down box list (1). Then in the source field, type the required list of values: Nassau, Suffolk, Queens, Brooklyn, Bronx, Manhattan, Staten Island, using commas to separate the values. (2) (NOTE: You can also type your list in a column and then select those cells for the source field) Click OK. Your cell will now display a small black arrow when clicked on, indicating that a drop down list exists for that cell. The user clicks on the arrow and selects a value If the user attempts to type something other than a choice in the list, they will receive an error message which can be defined in the Error Alert tab. LINKING WORKSHEETS WITH FORMULAS For linking cells from other worksheets, we used our REGION TOTALS, QTR 1, QTR 2, QTR 3, and QTR 4 worksheets in the practice file. We created a Total rollup worksheet which linked to our Quarterly Totals for each of our regional areas on the corresponding quarterly worksheets. By linking worksheets, we can easily create total or summary sheets which depict an overall view of our combined worksheets. To create the link to the Quarter 1 Sales for the Northwest region, we click the cell we want the linked cell total to appear in. In our example, for the Northwest Region s Qtr 1 Sales, we click on cell C4. Once we select the cell, press the equal key (=) (1) to start our formula in the selected cell Sharper Training Solutions, Inc. All Rights Reserved. 7

3 After pressing ENTER, we are directed back to the REGION TOTALS worksheet and our total from cell O9 on the QTR 1 worksheet has now been entered into the Region Totals worksheet.

10 1 After typing the equal sign, navigate to the QTR 1 worksheet (2) (click QTR 1 tab), then select the cell with the Northwest Region s Quarter 1 totals (3). In our example, we clicked on cell O9, now hit the ENTER key. 3 After pressing ENTER, we are directed back to the REGION TOTALS worksheet and our total from cell O9 on the QTR 1 worksheet has now been entered into the Region Totals worksheet. The formula which was created by our action is = QTR 1!O9 Where QTR 1 (notice the single quotes around the sheet name) is the worksheet tab the formula will navigate to, then the exclamation point (!) and the cell address on that worksheet (O9). So our formula tells Excel to display the value from cell O9 on the worksheet QTR 1. (NOTE: To view the formula, just click on the cell and look at the formula bar or double click on the cell.) Sharper Training Solutions, Inc. All Rights Reserved. 8

11 ABSOLUTE CELL VALUES We discussed RELATIVE cell reference in class 2. We found that when we copied our formula to other cells, Excel used relative cell reference to adjust the formula relative to where we copied it. In class 2, we entered a formula using the SUM function in our first row and copied it down to all other rows. We saw the Excel entered the SUM formula into all the selected cells, however, changed the row number in each formula relative to the row it was being copied to. For example, our first formula was =SUM(B2:E2). When we copied this to the remaining rows, the formula was adjusted to =SUM(B3:E3), then on the next row, =SUM(B4:E4), etc. This relative cell reference allowed us to easily copy formulas to other cells. There will be times when we want to copy an existing formula to other cells and NOT have certain cells in the formula change as we copy it. This is where we use ABSOLUTE CELL REFERENCE. By making a portion of the formula Absolute, this portion of the formula will not change as we copy the formula to other cells it will remain absolute. Please use the ABSOLUTE worksheet in our practice file. In our example, we are going to calculate our annual employee salary budget for the upcoming year based on the projected salary increase percentage. We will place our Projected Salary Increase percentage in a separate cell and use this percentage to project our salary budget for next year. By using this method, we can easily adjust the projected increase and all new salary totals will be updated. We enter our first formula in cell C4 to calculate the new 2007 Salary Increase for employee Mary Jones. Normally our formula for her 2007 increase amount would be =B4*B1. Her current salary in B4 times our projected increase in cell B1. The result shows us $ in cell C4. If we copy this formula down to all the other employees, we will receive some errors and some incorrect amounts as you can see in the example below. Try it! The reason we received all these incorrect results was because when we copied the original formula of =B4*B1 down, Excel used Relative Cell reference. Therefore, the resulting formula in cell C5 became =B5*B2, then in cell C6 the resulting formula would be =B6*B3, then in C7, the resulting formula would be =B7*B4, etc. The original formula changed relative to where it was copied to. This is obviously incorrect. What we need to do is make the Projected Salary Increase an absolute in our formula. This way when we copy it down to the other employees, the projected salary increase percentage in cell B1 is always used. Our original formula in cell C4 was =B4*B Sharper Training Solutions, Inc. All Rights Reserved. 9

To make the Projected Salary Increase cell an absolute, we click on cell C4 to select the cell with the original formula. Now click directly on B1 in the formula bar.

INSERTION POINT IN FORMULA BAR Now that the insertion point is located in the cell we want to make an absolute value, press the F4 key on your keyboard.

12 To make the Projected Salary Increase cell an absolute, we click on cell C4 to select the cell with the original formula. Now click directly on B1 in the formula bar. You will see your insertion point appear in B1 of the formula. INSERTION POINT IN FORMULA BAR Now that the insertion point is located in the cell we want to make an absolute value, press the F4 key on your keyboard. You will see that Excel will add $ in front of the B and in front of the 1. This will make cell B1 an absolute in this formula. The formula will now be =B4*$B$1. Press the ENTER key to accept this. Now copy the formula down to our other employees. As you can see below, the result will be accurate this time because as we copied the formula to other cells, Excel kept the Projected Salary Increase (cell B1 in the formula) constant (absolute) and only changed the first part of our formula, the employees current salary (cell B4) relative to each row the formula was copied to. So the original formula of =B4*$B$1 in cell C4 was copied down and the resulting formula in cell C5 was =B5*$B$1, and in cell C6 the resulting formula was =B6*$B$1, In cell C7 the resulting formula was =B7*$B$1, etc. Cell B1 was an absolute (by adding the $ signs) and remained the same in each formula as it was copied to other cells Sharper Training Solutions, Inc. All Rights Reserved. 10

Excel Intermediate. Click in the name column of our Range of Data. (Do not highlight the column) Click on the Data Tab in the Ribbon

Excel Intermediate. Click in the name column of our Range of Data. (Do not highlight the column) Click on the Data Tab in the Ribbon Custom Sorting and Subtotaling Excel Intermediate Excel allows us to sort data whether it is alphabetic or numeric. Simply clicking within a column or row of data will begin the process. Click in the name